SG Americas Securities LLC Has $1.26 Million Stake in Costamare Inc. $CMRE

SG Americas Securities LLC grew its holdings in shares of Costamare Inc. (NYSE:CMRE) by 139.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,884 shares of the shipping company’s stock after acquiring an additional 46,481 shares during the quarter. SG Americas Securities LLC owned 0.07% of Costamare worth $1,261,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of Costamare by 204.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after buying an additional 4,635 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Costamare during the third quarter worth $66,000. State of Alaska Department of Revenue acquired a new position in shares of Costamare during the third quarter worth $79,000. BNP Paribas Financial Markets increased its holdings in shares of Costamare by 84.4% during the third quarter. BNP Paribas Financial Markets now owns 8,828 shares of the shipping company’s stock worth $105,000 after buying an additional 4,040 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Costamare during the third quarter worth $123,000. Institutional investors and hedge funds own 58.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMRE. Wall Street Zen upgraded shares of Costamare from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings downgraded Costamare from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

Costamare Stock Performance

Costamare stock opened at $17.22 on Wednesday. The business has a 50 day moving average of $16.87 and a 200-day moving average of $15.13. Costamare Inc. has a 1 year low of $6.63 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.73 and a quick ratio of 1.70. The company has a market capitalization of $2.07 billion, a P/E ratio of 6.04 and a beta of 1.22.

Costamare (NYSE:CMRE) last released its quarterly earnings data on Sunday, February 15th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The firm had revenue of $200.18 million during the quarter, compared to analyst estimates of $204.00 million. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts predict that Costamare Inc. will post 2.52 earnings per share for the current year.

Costamare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 20th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $0.46 annualized dividend and a dividend yield of 2.7%. Costamare’s dividend payout ratio is currently 16.14%.

Costamare Company Profile

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.